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PROPOSED CONSTITUTION OF 1968
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CONSTITUTION OF 1867
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may be fixed by said ordinance, and ap-
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proved by a majority of the votes cast at
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such time and place; such ordinance shall
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provide for the discharge of any such debt
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or credit within the period of forty (40)
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years from the time of contracting the same;
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but the Mayor and City Council may,
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temporarily, borrow any amount of money
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to meet any deficiency in the City Treasury,
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and may borrow any amount at any time
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to provide for any emergency arising from
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the necessity of maintaining the police, or
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preserving the health, safety and sanitary
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condition of the City, and may make due
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and proper arrangements and agreements
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for the renewal and extension, in whole
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or in part, of any and all debts and
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obligations created according to law before
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the adoption of this Constitution.
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Art. XI-E, sec. 5. Notwithstanding any
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other provision in this Article, the General
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Assembly may enact, amend, or repeal local
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laws placing a maximum limit on the rate
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at which property taxes may be imposed
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by any such municipal corporation and
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regulating the maximum amount of debt
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which may be incurred by any municipal
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corporation. However, no such local law
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shall become effective in regard to a munici-
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pal corporation until and unless it shall
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have been approved at a regular or special
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municipal election by a majority of the
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voters of that municipal corporation voting
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on the question. No such municipal corpo-
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ration shall levy any type of tax, license,
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fee, franchise tax or fee which was not
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in effect in such municipal corporation on
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January 1, 1954, unless it shall receive
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the express authorization of the General
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Assembly for such purpose, by a general
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law which in its terms and its effect applies
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alike to all municipal corporations in one
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or more of the classes provided for in
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Section 2 of this Article. All charter pro-
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visions enacted under the authority of Sec-
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tion 3 of this Article shall be subject to
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any local laws enacted by the General
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Assembly and approved by the municipal
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voters under the provisions of this section.
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Art. XI-F, sec. 8. Notwithstanding any
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other provisions of this Article, the Gen-
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eral Assembly has exclusive power to enact,
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amend, or repeal any local law for a code
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county which (1) authorizes or places a
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maximum limit upon the rate of property
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taxes which may be imposed by the code
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county; or (2) authorizes or regulates the
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maximum amount of indebtedness which
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